Going through their pricing (https://planetscale.com/pricing?engine=vitess&cluster=M-5120...), for just 15TB storage with RF=3, the pricing comes to around 24000 USD/MONTH, not year. Adjusted for 400TB and per year, this becomes 7.6 million usd. Of course, you also get a lot more, but, the difference is just insane.
That said at $24K you could pay off an entire server like that from Dell in 4 months despite Dell charging something stupid like $2000/TB.
The issue is your budget is for 400TB of data but minimal requests per second. That's a valid thing to consider, but it's extremely apples and oranges to a fleet of 75 high powered servers.
To put it a different way, their prices are pretty high but the calculation of powerful servers costing 40x as much as raw storage isn't "insane".